Business Topics

Nov 29, 2016

Export gains to help Japan reach 1% GDP growth in 2017, says OECD

Japan’s economy will grow 1 percent next year before slowing to a 0.8 percent expansion in 2018, the Organization for Economic Co-operation and Development said in its latest global economic outlook. A rebound in international trade will help drive Japan’s export growth higher over ...

Retailers turn deaf ear to Kuroda's inflation pledge

Nov 25, 2016

Retailers turn deaf ear to Kuroda's inflation pledge

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While Gov. Haruhiko Kuroda’s vow to overshoot the Bank of Japan’s 2 percent inflation target caused a stir among monetary policy watchers in September, it’s yet to have an impact among retailers. Stores as diverse as supermarket operator Aeon, Mister Donut and Wal-Mart have ...

Nov 21, 2016

Abe to seek bigger fiscal policy role in '17 budget

Prime Minister Shinzo Abe’s government is pushing for a greater role for fiscal policy next year, according to draft guidelines for the 2017 budget seen by Bloomberg. The government handed the document for Japan’s initial budget for the fiscal year starting in April to ...

Trump win gives Kuroda breathing room, ex-BOJ executive says

Nov 18, 2016

Trump win gives Kuroda breathing room, ex-BOJ executive says

Donald Trump’s election win has given Bank of Japan Governor Haruhiko Kuroda room to breathe by easing concerns that the yen will strengthen, a former BOJ executive says. The BOJ can remain on hold unless the yen strengthens past 100 against the dollar, a ...

Nov 16, 2016

BOJ inflation goal still too optimistic: ex-executive

The Bank of Japan is still too optimistic about the time needed to achieve its 2 percent inflation target, given the country’s entrenched deflationary mindset, a former BOJ executive director said. Any lack of progress toward that goal, though, is unlikely to trigger additional ...

Nov 15, 2016

Abe warns TPP impasse would shift focus to China-inclusive trade pact

Prime Minister Shinzo Abe said Tuesday that roadblocks to implementation of the U.S.-led Trans-Pacific Partnership (TPP) could shift attention to another envisioned regional free trade pact that includes China, but not the United States. “There’s no doubt that there would be a pivot to ...